Max Revenue Rate Change 1E028B
1. **Problem 1: Find the output $q$ that gives the highest revenue and compute the maximum revenue for**
$$R(q) = -q^3 + 12q^2 - 36q + 200$$
2. To find the maximum revenue, we first find the critical points by taking the derivative of $R(q)$ with respect to $q$ and setting it equal to zero.
$$R'(q) = \frac{d}{dq}(-q^3 + 12q^2 - 36q + 200) = -3q^2 + 24q - 36$$
3. Set the derivative equal to zero to find critical points:
$$-3q^2 + 24q - 36 = 0$$
Divide both sides by $-3$:
$$q^2 - 8q + 12 = 0$$
4. Solve the quadratic equation using the quadratic formula:
$$q = \frac{8 \pm \sqrt{(-8)^2 - 4 \times 1 \times 12}}{2} = \frac{8 \pm \sqrt{64 - 48}}{2} = \frac{8 \pm \sqrt{16}}{2}$$
$$q = \frac{8 \pm 4}{2}$$
So,
$$q_1 = \frac{8 + 4}{2} = 6, \quad q_2 = \frac{8 - 4}{2} = 2$$
5. To determine which critical point is a maximum, evaluate the second derivative:
$$R''(q) = \frac{d}{dq}(-3q^2 + 24q - 36) = -6q + 24$$
Evaluate at $q=6$:
$$R''(6) = -6(6) + 24 = -36 + 24 = -12 < 0$$
Since $R''(6) < 0$, $q=6$ is a local maximum.
Evaluate at $q=2$:
$$R''(2) = -6(2) + 24 = -12 + 24 = 12 > 0$$
So $q=2$ is a local minimum.
6. Calculate the maximum revenue by substituting $q=6$ into $R(q)$:
$$R(6) = -(6)^3 + 12(6)^2 - 36(6) + 200 = -216 + 432 - 216 + 200 = 200$$
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7. **Problem 2: Find the rate of change of the operating cost with respect to time $t$ when $t=4$ days for**
$$C(t) = 5000 + 40 e^{0.2t} \sqrt{t + 3} + 15 \ln\left(10 + e^{0.3t}\right)$$
8. Differentiate $C(t)$ with respect to $t$ term by term.
- The derivative of the constant $5000$ is $0$.
- For the second term $40 e^{0.2t} \sqrt{t + 3}$, use the product rule:
Let
$$u = e^{0.2t}, \quad v = \sqrt{t + 3} = (t+3)^{1/2}$$
Then
$$u' = 0.2 e^{0.2t}, \quad v' = \frac{1}{2}(t+3)^{-1/2}$$
So,
$$\frac{d}{dt}(uv) = u'v + uv' = 0.2 e^{0.2t} (t+3)^{1/2} + e^{0.2t} \times \frac{1}{2} (t+3)^{-1/2}$$
Multiply by 40:
$$40 \times \left[0.2 e^{0.2t} (t+3)^{1/2} + e^{0.2t} \times \frac{1}{2} (t+3)^{-1/2}\right] = 8 e^{0.2t} (t+3)^{1/2} + 20 e^{0.2t} (t+3)^{-1/2}$$
- For the third term $15 \ln(10 + e^{0.3t})$, use the chain rule:
$$\frac{d}{dt} \ln(f(t)) = \frac{f'(t)}{f(t)}$$
Here,
$$f(t) = 10 + e^{0.3t}, \quad f'(t) = 0 + 0.3 e^{0.3t} = 0.3 e^{0.3t}$$
So,
$$\frac{d}{dt} 15 \ln(10 + e^{0.3t}) = 15 \times \frac{0.3 e^{0.3t}}{10 + e^{0.3t}} = \frac{4.5 e^{0.3t}}{10 + e^{0.3t}}$$
9. Combine all derivatives:
$$C'(t) = 8 e^{0.2t} (t+3)^{1/2} + 20 e^{0.2t} (t+3)^{-1/2} + \frac{4.5 e^{0.3t}}{10 + e^{0.3t}}$$
10. Evaluate $C'(t)$ at $t=4$:
Calculate each part:
- $e^{0.2 \times 4} = e^{0.8} \approx 2.2255$
- $(4 + 3)^{1/2} = 7^{1/2} \approx 2.6458$
- $(4 + 3)^{-1/2} = \frac{1}{2.6458} \approx 0.37796$
- $e^{0.3 \times 4} = e^{1.2} \approx 3.3201$
- $10 + e^{1.2} = 10 + 3.3201 = 13.3201$
Now substitute:
$$C'(4) = 8 \times 2.2255 \times 2.6458 + 20 \times 2.2255 \times 0.37796 + \frac{4.5 \times 3.3201}{13.3201}$$
Calculate each term:
- $8 \times 2.2255 \times 2.6458 \approx 47.12$
- $20 \times 2.2255 \times 0.37796 \approx 16.82$
- $\frac{4.5 \times 3.3201}{13.3201} \approx 1.12$
Sum:
$$C'(4) \approx 47.12 + 16.82 + 1.12 = 65.06$$
**Final answers:**
- The output $q$ that gives the highest revenue is $\boxed{6}$ units.
- The maximum revenue is $\boxed{200}$.
- The rate of change of the operating cost at $t=4$ days is approximately $\boxed{65.06}$ dollars per day.